Ponheary Ly Foundation

Analysis

Ponheary Ly Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ponheary Ly Foundation reported income of $567k and spending of $497k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $806k to $567k (-30%), an average of -8.4% a year. The sharpest change came in the year to September 2023, when income dropped by 38%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ponheary Ly Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Leeds Foundation PBC Inc ($566k), The Freedom Institute Inc ($567k) and Hearts and Homes for Refugees ($566k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.